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Anthers Inc. bought the following portfolio of trading securities near the end of 2013. Security Cost Fair Value- 12/31/2013 A. $80,000. $84,000 B $60,000. $54,000
Anthers Inc. bought the following portfolio of trading securities near the end of 2013.
Security Cost Fair Value- 12/31/2013
A. $80,000. $84,000
B $60,000. $54,000
C. $22,000. $22,000
What amount will be reported in the balance sheet for this portfolio at December 31, 2013, and how will it be classified?
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Financial Accounting an introduction to concepts, methods and uses
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
13th Edition
978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003
